Development Underwriter - PI - 12 Month Fixed Term

TN United Kingdom; Redhill; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

Join a forward-thinking company as a Development Underwriter in the Professional Indemnity team. This 12-month fixed-term role offers a unique opportunity to work within a leading insurance firm known for its commitment to innovation and collaboration. You will play a key role in underwriting and assessing risks, maximizing profitability, and building strong relationships with brokers and clients. With a flexible hybrid work arrangement, you can enjoy a balanced work-life while contributing to a culture that values diversity and community involvement. Embrace the chance to make an impact in a supportive environment where your expertise will thrive.

Benefits

Private Medical Insurance

Company Pension Contributions

Minimum 25 Days Holiday

Wellness Programme

Volunteer Encouragement

Qualifications

• Experience in underwriting solicitors professional indemnity is required.
• Knowledge of industry operations and financial drivers affecting the line of business.

Responsibilities

• Underwrite and assess risk for products and accounts from assigned brokers.
• Build and leverage broker/client relationships through visibility and disciplined sales management.

Skills

Underwriting Professional Indemnity

Relationship Management

Analytical Thinking

Financial Acumen

Education

Degree Education

ACII Qualification

Job description

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Client:

SPE Travelers Management, LTD

Location:

Redhill, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

1a87a548f798

Job Views:

16

Posted:

02.05.2025

Expiry Date:

16.06.2025

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Job Description:

Who Are We?

Taking care of our customers, our communities, and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Underwriting

Target Openings

1

What Is the Opportunity?

We are looking for a Development Underwriter in the Professional Indemnity team to join us on a 12-month fixed-term contract covering maternity leave. Travelers is a top name in professional indemnity insurance due to our industry-specific knowledge and market-leading approach to coverage. You will ideally have prior experience in underwriting Professional Indemnity risks. You will collaborate with regional or product colleagues and other internal/external partners to attract new business, retain existing customers, and explore new areas of business.

Travelers Europe offers flexibility to employees wishing to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy, which involves working three days in the office and two days at home (or pro-rata for part-time employees). This policy may be changed at the company's discretion.

This role is eligible for a £3,000 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the referrer may be eligible for this bonus.

Primary Job Duties & Responsibilities

• Underwrite and assess risk for products and accounts from assigned brokers, making decisions within your authority and providing complete recommendations.
• Underwrite accounts and risks considering different approaches to maximize profitability, including pricing, retention, endorsements, limits, indemnity, and security.
• Make prompt decisions within your underwriting authority, negotiate terms, and adhere to submission timelines.
• Understand and implement product segment strategies to meet budgeted results.
• Manage your book of business to maintain the quality of business per regional or product strategy.
• Ensure accurate documentation within account management systems and compliance with standards.
• Work collaboratively with underwriting account management resources to deliver timely service.
• Seek training opportunities to develop underwriting expertise.
• Build and leverage broker/client relationships through visibility and disciplined sales management.
• Develop and execute sales plans for brokers, identifying and capturing new business opportunities.
• Foster collaboration with colleagues across regions and business units.
• Participate in regional and product meetings.
• Provide superior customer service, ensuring responsiveness and product knowledge.
• Support team goals and strategic objectives.
• Work tactically with brokers to align understanding of TICL goals.
• Perform other duties as assigned.

Minimum Qualifications

• Experience in underwriting solicitors professional indemnity is required.

Education, Work Experience, & Knowledge

• Degree education preferred.
• Knowledge of industry operations, business issues, and financial drivers affecting the line of business.
• Understanding of the local insurance marketplace to utilize market insights effectively.

Licensing or Certificates

• ACII qualification preferred.

Job Specific Technical Skills & Competencies

• Relationship Management: Ability to build and maintain productive relationships.
• Business Perspective: Understanding internal and external factors affecting the product portfolio.
• Analytical Thinking/Financial Acumen: Ability to analyze information, identify issues, and support decision-making.
• Product/Technical: Demonstrates technical proficiency and sound quoting/pricing decisions.

What Is in It for You?

• Private Medical Insurance: Single coverage upon employment, with options for dependents at your expense.
• Retirement: Company contributions to your pension plan, with options for additional contributions.
• Holiday Entitlement: Starting with a minimum of 25 days, plus options to purchase more.
• Wellness Programme: Resources for health and mental well-being, including counseling services.
• Volunteer Encouragement: Support for community involvement through matching gifts and volunteer rewards.

Employment Practices

Travelers is an equal opportunity employer. We value diversity and the unique talents each individual brings. For questions about physical requirements, please contact us. We reserve the right to fill this position at a level above or below the advertised level. For more about our benefits, please visit our website.